Taiyo Nippon Sanso reports decreased sales and profit

Taiyo Nippon Sanso reports decreased sales and profit

According to The Gas Review, Taiyo Nippon Sanso’s sales revenue has decreased 12.3% with core operating profit down 35.2%, operating income down 33.3% and profit for the quarter term down 39.1%.

Each segment experienced a substantially negative result under unavoidable influences caused by the coronavirus pandemic.

The domestic industrial gas business experienced a considerable decrease in the demand for oxygen and nitrogen from major users in the steelmaking, nonferrous and chemical industries.

Argon remained at a slight decrease with a steady demand of semiconductors despite the decrease welding applications. Overall demand of speciality gases for electronics grew steadily.

As a whole, sales in the segment decreased by 9.2% with a segmental profit down 19.4%.

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